Electra Battery Materials Corp (TSE:ELBM) has released an update.
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Electra Battery Materials Corp has secured significant financial backing, including a $20 million award from the U.S. Department of Defense, to advance North America’s first cobalt sulfate refinery. The company is also enhancing its battery recycling capabilities through a joint venture and plans to expand its operations in Quebec. These developments underscore Electra’s strategic efforts to bolster the North American EV supply chain.
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